Current Affairs Update – 23rd June, 2016

Hello and welcome to exampundit . Here are the important Current Affairs of 23rd June, 2016. These are important for the upcoming SBI PO Mains 2016.

Current Affairs at a Glance – 23rd June, 2016

Microsoft Accelerator in India and TCS Co-Innovation Network (COIN) today announced
a joint initiative to create a platform that provides a boost to the Indian
startup ecosystem.

S.K. Roy, the head of state-run Life Insurance Corp
(LIC), the biggest single
investor in the country, has tendered his resignation two years before
his term was due to end.

Japanese conglomerate SoftBank on 22 June 2016 named Ken Miyauchi,
head of the group’s Japanese telecommunications operations, as
President and Chief Operating Officer (COO).

World Hydrography Day (WHD) 2016 was observed on 21 June 2016 across the world.

The United Nations Public Service Day was celebrated by the United Nations (UN) on 23 June
2016.

The International Widow’s Day
2016 was celebrated across the world on 23 June 2016.

Mercer’s Cost of Living Survey 2016 was released on 22 June 2016. Asia dominates the
top 5 of 2016 Cost of Living Rankings, with Hong Kong bagging the No. 1 spot,
pushing Luanda, Angola to 2nd. Mumbai was ranked
82 which was highest for any Indian city.

India has slipped one place to 12th spot in terms of
millionaire population, even as their numbers have grown marginally to 2 lakh.

Former captain Anil Kumble was today appointed the Indian cricket team’s head
coach for a one-year tenure, bringing an end to the prolonged suspense
over who will take over the reins of the side.

Indian pugilist Manoj Kumar secured his berth for the forthcoming Rio
Olympics after advancing to the semifinals of the men’s light welter 64 Kg
category at the World Qualification event here on Thursday.

Industry –

Microsoft Accelerator India joins hand with TCS to boost Start-Up

Microsoft Accelerator in India
and TCS Co-Innovation Network (COIN) today announced a joint initiative to
create a platform that provides a boost to the Indian startup ecosystem.

Under the collaboration, an open
innovation framework will be created to mentor and engage with startups to
bring their innovative solutions to market.

The announcement was made at
Think Next Summer 2016, Microsoft Accelerator’s flagship forum, which brings
together thought leaders in technology who are driving transformation via
innovation.

Appointments & Resignations –

LIC Chairman S K Roy resigns

S.K. Roy, the head of state-run
Life Insurance Corp (LIC), the biggest single investor in the country, has
tendered his resignation two years before his term was due to end, two sources
with direct knowledge said on Thursday.

Roy has written to the finance
ministry but his resignation is yet to be confirmed, said a senior executive at
the insurer, as also a senior government official. Both sources declined to be
named because they are not authorised to speak to the media.

The sources did not know the
reasons for the resignation.

Roy and an LIC spokesman could
not be immediately reached for comment.

Roy had been with the insurer
more than three decades after rising through the ranks to be appointed chairman
in 2013.

SoftBank Group names Ken Miyauchi as President and COO

Japanese conglomerate SoftBank on
22 June 2016 named Ken Miyauchi, head of the group’s Japanese
telecommunications operations, as President and Chief Operating Officer (COO).

The appointment came after Nikesh
Arora had abruptly resigned from his position after it became clear that
Chairman and CEO Masayoshi wanted to remain at the helm longer than first
planned.

Days –

World Hydrography Day 2016 observed

World Hydrography Day (WHD) 2016
was observed on 21 June 2016 across the world.

The theme for the WHD 2016 was
Hydrography – the key to well-managed seas and waterways. The theme tries to
focus attention on the fundamental importance of hydrography.

The World Hydrography Day also
marks the 95th anniversary of the establishment of the International
Hydrographic Organization (IHO).

The day is celebrated to increase
public awareness of the vital role that hydrography plays in everyone’s life.

United Nations Public Service Day 2016 observed globally

The United Nations Public Service
Day was celebrated by the United Nations (UN) on 23 June 2016.The day was
celebrated to mark the invaluable contributions of public servants and
administrators to build a better world for all.

The 2016 United Nations Public
Service Day was celebrated at the United Nations Headquarters in New York with
a High-level Knowledge Sharing Panel on Leaving No One Behind: Innovative
Institutional Approaches and Public Service Delivery.

This is the first time that the
Day is celebrated after the 2030 Agenda for Sustainable Development was adopted
by all United Nations Member States.

International Widows’ Day 2016 observed globally

The International Widow’s Day
2016 was celebrated across the world on 23 June 2016. The day was celebrated to
raise awareness on the troubles of widowed women.

The day throws light on the
situation of widows which is sometimes neglected due to absent in statistics,
unnoticed by researchers and is mostly overlooked by civil society
organizations.

Generally, widow women have to
suffer complete social exclusion. Abuse of widows and their children
constitutes one of the most serious violations of human rights and obstacles to
development today.

Mercer’s Cost of Living Survey
2016 was released on 22 June 2016. Asia dominates the top 5 of 2016 Cost of
Living Rankings, with Hong Kong bagging the No. 1 spot, pushing Luanda, Angola
to 2nd.

As per the Mercer’s 22nd annual
Cost of Living Survey, top factors contributing to cost of expatriate packages
for employees on international assignments are currency fluctuations, cost
inflation for goods and services, and instability of accommodation prices.

Key highlights of the survey

The survey includes more than 375
cities throughout the world. The ranking for 2016 includes 209 cities across
five continents.

It measures the comparative cost
of more than 200 items in each location, including housing, transportation,
food, clothing, household goods and entertainment.

New York City is used as the base
city for all comparisons and currency movements are measured against the US
dollar.

Kinshasa, which is ranked sixth
in the survey, appears for the first time in the top 10 cities.

Five Indian cities were also
ranked in the list. They are:

Mumbai – Rank 82

New Delhi – Rank 130

Chennai – Rank 158

Kolkata – 194

Bangalore – Rank 180

India slips one spot to 12th rank in millionaire population

India has slipped one place to
12th spot in terms of millionaire population, even as their numbers have grown
marginally to 2 lakh.

Last year, India was ranked 11th
with 1.98 lakh such high networth individuals (HNWIs), according to a report by
Capgemini.

India along with China is seen as
engine of growth by the global wealth managers.

The report said 13% of the global
wealth managers feel that India has the biggest area of high net worth
individual wealth expansion through 2025, while the same is 27% for China.

The global wealth is projected to
reach $100 trillion by 2025.

While globally in 2015, HNWI
wealth saw only a modest growth of 4%, wealth in Asia-Pacific grew at an
aggressive 10%, propelling it to the lead position as the region with the most
HNWI wealth globally.

This is the first time that
Asia-Pacific is ahead of North America for both HNWI wealth and population.

Sports –

Anil Kumble appointed India’s head coach for one year

Former captain Anil Kumble was
today appointed the Indian cricket team’s head coach for a one-year tenure,
bringing an end to the prolonged suspense over who will take over the reins of
the side.

The 45-year-old Kumble pipped
former Team Director Ravi Shastri, Australians Tom Moody and Stuart Law and a
host of others to clinch the high-profile position following an elaborate
selection process headed by a three-member Cricket Advisory Committee (CAC).

The committee comprising Sachin
Tendulkar, VVS Laxman and Sourav Ganguly had interviewed 10 candidates for the
job in Kolkata on Tuesday in a marathon session which lasted close to 10 hours.

Manoj Kumar becomes second Indian boxer to secure Rio ticket

Indian pugilist Manoj Kumar
secured his berth for the forthcoming Rio Olympics after advancing to the
semifinals of the men’s light welter 64 Kg category at the World Qualification
event here on Thursday.

The 29-year-old displayed a
superior performance, thumping Tajikistan’s Rakhimov Shavkatdzhon 3-0 in the
quarterfinal round. He will next face European champion Pat McCormack of Britain
in the semifinal on Friday.

With the win, Manoj became the
second boxer after Shiva Thapa (56kg) to make the cut for the Rio Games.

India –

President Pranab Mukherjee returned 3 bills for reconsideration of
Manipur Legislative Assembly

President Pranab Mukherjee in
June 2016 returned 3 bills to Manipur Legislative Assembly for reconsideration.

The 3 bills that were returned were –

The Manipur Land Reforms and
Land Revenue (7th Amendment) Bill, 2015

The Manipur Shops and
Establishment (2nd Amendment) Bill, 2015

The Manipur Protection of
Peoples Bill, 2015

These bills, which were passed by
the State Legislative Assembly in September 2015, had triggered violence
leading to the death of nine people in the State. Their bodies are still being preserved by
their families in protest.